Delphi Report: Tether and Circle Dominate 86% Market Share of Stablecoins, Over $120 Billion in US Treasuries Locked within Stablecoins

BlockBeats News, on June 19, according to a report by Delphi Digital, the stablecoin market supply has surpassed $250 billion for the first time. Yield-bearing stablecoins are experiencing rapid growth, with Ethena reaching nearly $6 billion since its launch. Tether and Circle continue to dominate the market, collectively accounting for 86% of circulating supply. Issuer diversity has increased, with more than 10 stablecoins having a circulation of over $100 million. Over $120 billion in U.S. Treasury bonds are locked within stablecoins, creating a liquidity pool independent of traditional markets.